Power Buyer clients made 1 offer on average. Traditional buyers? 7
Apr 13, 2022
As homes continue to fly off the market for five to six figures above sellers’ asking price, real estate startup zavvie said homebuyers are increasingly turning toward Power Buyers — platforms that offer cash-backed offers and buy-before-you-sell solutions — to help them effectively win against well-funded institutional and individual competitors.
“Consumers gained a huge advantage when working with a Power Buyer versus using a traditional mortgage with a loan contingency,” read zavvie’s Seller Preferences Report, which was published on Tuesday. “What 2021 tells us is that [Power Buying and iBuying] are here to stay and that Power Buying … could eventually become the norm in residential real estate.”